Items Tagged with 'GDP'

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GDP increased to fastest growth in two years

Third estimate places growth higher than originally thought
As it turns out, gross domestic product in the U.S. increased in the third quarter even more than previous estimates showed. And the strong GDP numbers support the Federal Reserve’s current direction.
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GDP produces lackluster growth in Q2

Continues slow upward climb
The Gross Domestic Product decreased slightly from the first estimate last month, but still increased slightly overall. The disappointing gain, combined with the downward revisions to gains in the preceding two quarters, make a September interest rate hike much less likely.
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Paltry GDP growth shows economy is "barely above water"

Residential construction fell due to weaker single-family housing starts
“Over the past 12 months, the economy has expanded by only 1.2%,” Paul Ashworth, chief economist at Capital Economics, said. “What is really worrying is that pace has still been enough to reduce the unemployment rate further, suggesting that the economy’s potential growth rate could conceivably be close to zero.”
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Experts revise GDP rates, in different directions

But they agree on one thing: The Fed will raise rates this year
Experts disagree on the impact that the Brexit will have on U.S. GDP growth, with Capital Economics predicting a rebound in growth while Goldman Sachs revised their prediction down slightly. The one thing they can agree on? The Fed will still raise rates this year.
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